BitGo debuts at No. 273 on the Fortune 500, a first for digital asset infrastructure

BitGo's Spark Savings could accelerate institutional adoption of DeFi by offering secure, regulated access to decentralized credit markets. The post BitGo launches Spark Savings for direct capital movement into credit markets appeared first on Crypto Briefing.

The phrase “agentic AI” has moved from the whitepapers of research labs into the boardrooms of the Fortune 500, the pitch decks of venture-backed startups, and the strategy documents of governments trying to make sense of what is happening to the global economy. Yet for all the noise, a surprisingly small number of the people […]

BitGo adds Aave, Spark and Tesseract through Narval, allowing eligible institutions direct DeFi access from qualified custody wallets.

BitGo's Jody Mettler says the stablecoin debate is moving beyond crypto rules and becoming a battle over who sets the standards for the future global payment infrastructure.

The post Bitgo CEO Warns Europe’s MiCA Rules Could Trigger a Massive Stablecoin Crisis appeared on BitcoinEthereumNews.com. Key Takeaways Mike Belshe warns MiCA limits insurance to €100K, creating system-wide risks for European stablecoins. Recalling how 1 SVB failure depegged USDC in 2023, Belshe warns the banking sector can crash crypto. Bitgo’s CEO demands better rules to protect billion-euro stablecoin reserves from bank collapses. Bitgo CEO States MiCA Brings Systemic Risks to Stablecoin Issuers Mike Belshe, CEO of Bitgo, one of the largest custody providers in the crypto industry, believes that current cryptocurrency regulation in Europe might contribute to a potential stablecoin debacle. On social media, Belshe explained that the Markets in Crypto Assets (MiCA) regulation exposes the stablecoin ecosystem in Europe to systemic risks, forcing stablecoin issuers to hold reserve balances in traditional banks that follow fractional reserve standards. “That creates a direct link betwe

Bitgo CEO Mike Belshe claims that the Markets in Crypto Assets (MiCA) framework puts the entire stablecoin ecosystem in danger by forcing issuers to hold their reserves in fractional banks, exposing crypto to the risks of the fiat system in Europe. Bitgo CEO States MiCA Brings Systemic Risks to Stablecoin Issuers Mike Belshe, CEO of […]

A research project examining AI-driven recruitment hires across the US has revealed a systemic racial bias. Researchers from Stanford University found a startling pattern of racial disparities when looking at the interview offers resulting from 4 million job applications submitted to 156 employers. The situation is aggravated by the “monoculture” in AI hiring software: More than 90% of US employers are screening job applicants with software, with 60% of Fortune 500 companies using the same tool, HireVue, the researchers found. Applicants who applied to multiple companies using AI had all their applications rejected more often than would be expected if each company’s screening methods were independent. They calculated that Black and Asian candidates were rejected in greater numbers than baseline figures would suggest. According to the survey, 29,000 more Asians would have been interviewed if AI had not been deployed. The researchers are concerned about the way in which AI is being used.

Open source code is everywhere in the enterprise; it’s estimated that upwards of 90% of Fortune 500 companies have it in their software supply chains. But open source code is notoriously rife with vulnerabilities, and identifying and patching those bugs can be an endless battle for security teams. IBM and Red Hat are betting that a new initiative, Project Lightwell, can help accelerate this process. Announced today, the project will commit $5 billion and 20,000 IBM and Red Hat engineers to build a new ‘enterprise clearinghouse’ to accelerate discovery and remediation of vulnerabilities in open source software. The companies say the clearinghouse will serve as an AI-powered  “security coordination layer,” giving enterprises the ability to integrate patches directly into their existing software supply chains. Now in the design phase with a group of 11 financial partners, Project Lightwell will eventually be offered as a commercial subscription. “The advancement in AI tools has broken the